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Google admits Spotify pays no Play Store fees because of a secret deal | TechCrunch(techcrunch.com)

posted 10 months ago

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umami_wasabi@lemmy.ml

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kpw@kbin.social

1 point

10 months ago

70% of Spotify profits is a ‘tiny tiny amount’?

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Bonehead@kbin.social

8 points

10 months ago

Their last quarterly financial statements shows $65 million profit on $3.36 billion in revenue. So, yes.

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GissaMittJobb@lemmy.ml

4 points

10 months ago

70% of profits would be miniscule, but the figure is not true so you can safely disregard everything they said.

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Valmond@lemmy.mindoki.com

1 point

10 months ago

Say they have 1 billion in potential profits.

Wow heey look at all those CEOs, let’s use 900.000.000 to raise their salaries, or use it to buy up some competitor!

Uh oh, nothing left for the artists… except some well known ones who’ll get a sweet deal.

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